DeFi is helping fuel the crypto market boom – and its recent volatility from CoinQuora

The Wall Street Journal: DeFi is helping fuel the crypto market boom – and its recent volatility

  • According to the WSJ, in addition to Dogecoin and NFTs, money also flows into DeFi
  • DeFi is helping the cryptocurrency market thrive
  • It has also led to an increase in volatility

The Wall Street Journal (WSJ) recently published an article stating that DeFi is a double-edged sword for the cryptocurrency market. In helping the cryptocurrency market to thrive, it has also led to an increase in volatility.

“Dogecoin and NFTs have caught the public’s imagination, but money is also flowing into another hot and risky corner of the cryptocurrency market: DeFi,” writes the WSJ.

Decentralized Finance or DeFi is a generic term for financial services offered on public blockchains. Similar to traditional banks, DeFi …

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